State Receiverships Archives

90 Second Lesson: What will your lender do if you default on a commercial loan?

September 13, 2019
/ 90 Second Lessons • Operating a Distressed Business
/ By The DailyDAC Editors

Tags: Chapter 5 Causes of Action, Insolvency, State Receiverships,

QUESTION: Scott T, emailed, asking, “I have a client who owns a few income-producing properties and she thinks she may not be able to make her next mortgage payments to her lender. What should I tell her to expect?” ANSWER: Once a loan default occurs or is looming, a proactive mortgage lender should be expected […]

Strategic Alternatives For And Against Distressed Businesses

February 18, 2019
/ Business Bankruptcy
/ By The DailyDAC Editors

Tags: Assignment for the Benefit of Creditors, State Receiverships,

The 2019 edition of Strategic Alternatives For And Against Distressed Businesses was just released by West Publishing Company. This 1,800+ page treatise, which is a product of more than 100 contributors, is the only resource which provides a state-by-state comparison on a chapter-by-chapter basis of assignments for the benefit of creditors and receiverships. DailyDAC / […]

An Introduction to Receiverships

Tags: Federal Equity Receiverships, State Receiverships,

American state and federal courts have the equitable power to take custody of property at issue in a legal dispute and to appoint a receiver to act as agent for the court in keeping, managing, and even selling the property, in order to protect the interests of those parties with a claim on such property. […]